Exam 26: Form and Content

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To be negotiable,the instrument must satisfy all except which one of the following requirements?

(Multiple Choice)
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A cashier's check is drawn by a bank upon itself to the order of a named payee.

(True/False)
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A promissory note is an instrument that involves three parties in three capacities.

(True/False)
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Postdating an instrument will destroy its negotiability.

(True/False)
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Under Revised Article 3,a promise to pay only out of a particular fund will destroy the negotiability of an instrument.

(True/False)
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A maker must sign in the lower,right-hand corner of a check,on the printed line.

(True/False)
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A medium of exchange adopted or authorized by a sovereign government as part of its currency is known in the law of negotiable instruments as:

(Multiple Choice)
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Which of the following would be an unconditional promise or order to pay?

(Multiple Choice)
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